There may be other available opportunities that are similar to this investment but have different attributes, characteristics, cost factors, and fees.
This is a new company and has neither generated revenue, nor has it had any significant operating history.
This investment involves pass-through losses and profits that may affect your taxes.  Please consult your tax advisor before investing to ensure this is a suitable investment.
Disclosures & Disclaimers

1 Zillow Group, Inc., 2022 U.S. Housing Market has Doubled in Value
2 Federal Reserve Board Financial Accounts of the United States, as of Q2, 2022.

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A city-specific real estate portfolio

Built for the next generation of investors.

By investing in fractions of homeowner equity in top cities, Cityfunds has made it possible for everyone to own real estate in top markets like Austin, Dallas, Miami, and Tampa.

Please review important disclosures at the bottom of the section

What is a Cityfund?

A Cityfund is similar to an index fund (but not actually an index fund) in that it provides targeted exposure to residential real estate in a single city. We're unlocking access to markets typically inaccessible to investors. 

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Product Design

Cityfunds were designed from the successful transformation we have seen from actively managed mutual funds to passively managed index-based ETFs. Many ETFs enable investors to make very targeted investment decisions within a specific sector, geo, or risk profile. We are providing this type of targeted exposure to a specific city through a diverse portfolio of residential real estate.

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*We expect that the Public Private Execution Network Alternative Trading System, or PPEX ATS, which we refer to as the “Secondary Trading Platform” and which is registered with the Commission and operated by North Capital, will be a venue available for the resale of such series’ interests (which we may refer to as “shares”) through Dalmore Group, LLC, or Dalmore, the broker-dealer of record for each series offering, as a broker-dealer member of the Secondary Trading Platform.

See our offering circular here for complete details on the risks and terms associated with our Secondary Trading Platform. 

**Nada has entered into the Fintech Fast Track Agreement with Visa U.S.A. Inc. and an agreement with Figure Payments Corporation to enable banking and card services; however, we have not released this feature on our platform at this time.

Why Tampa?

Tampa’s economy is founded on a diverse economic base including finance, technology, tourism, and construction; and the Port of Tampa is the largest in Florida. 

There’s steady job growth being created by higher-paying professional and business services. In turn, these business expansions are spurring economic growth in Tampa. The result is that there’s a rapidly rising demand for housing in Tampa and Hillsborough County, where Tampa is located.

In the last 10 years, Tampa has experienced some of the highest home appreciation rates of any community in the nation. Tampa real estate appreciated nearly 210% over the last ten years, putting Tampa in the top 10 housing markets nationally for real estate appreciation.

Some other Notable highlights

• Tampa is the 3rd most populous city in Florida, after Miami and Jacksonville, and the 52nd most populous city in the U.S.

• Population growth in the Tampa MSA in 2019 was expected to be 25% over the next 20 years, with more than 3.8M people living in the metropolitan area by 2040.

• Forbes ranked Tampa as among the best places for business and careers and job growth in 2019.

• Tampa receives high ratings from U.S. News & World Report for overall desirability, value, job market, and quality of life.

• The housing market in Tampa-St. Petersburg-Clearwater is forecast to be one of the top housing markets for 2022. According to Realtor.com, home sales are expected to surge by 9.6% while prices are projected to rise by 6.8% YoY.

• Twenty companies with a combined annual revenue of more than $1B have their corporate headquarters in Tampa Bay, including eight Fortune 1000 companies.

• Zillow Home Value Index (ZHVI) for single-family homes in Tampa is $436,222 as of October 2022. Home values in Tampa have increased by 22.7% over the last year. 

Home Equity Investments ("Homeshares")

A Homeshare is an investment into single-family home equity whereby the Cityfund provides an upfront payment in exchange for a share of the home’s future appreciated value, representing fractional ownership.

Product

The Homeshares product solves a two-sided problem within the residential real estate market:

1. Homeshares unlock a portion of the $27T home equity market for investors seeking access to high-demand & supply-constrained markets.
2. Homeshares enable liquidity and diversification for homeowners without incurring new debt or moving out of their home.

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Acquisition

Nada’s Homeshares are investments into home equity, whereby the Cityfund provides an upfront payment to a homeowner in exchange for a lien-secured share of the home’s future appreciated value. Homeshare investments are originated directly by Nada and sourced through their network of licensed mortgage loan officers, licensed real estate agents, and direct-to-consumer marketing channels.

Nada has established consumer and property qualification standards; in addition, each Homeshare investment is placed at a risk-adjusted discount to market value—offsetting the risk of declines in home values and protecting the initial investment.

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Management

Homeshare investments ensure the owner retains ownership rights and responsibilities. Each Homeshare investment is recorded on the title of each property and processed by Nada’s partner Title and Escrow service provider.

Cityfund generates unrealized returns when the home appreciates in value. The Cityfund realizes cash returns when the homeowner takes certain actions, such as selling the entire home, refinancing their mortgage, or reaching the end of the agreed-upon term.

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Single-Family Rentals ("SFR")

Acquisition

Nada leverages its boots-on-the-ground real estate team and market experience to source opportunistic property acquisitions. Acquisitions are targeted in single cities and their emerging fringe markets. Investment considerations include attributes such as high rental yield forecasts, attractive school districts, and light renovation costs. 

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Management

Tenant placement is handled by Nada’s real estate sales team. Property management services are handled by third-party service providers that are managed by Nada.

Cityfunds on the Nada app

The Nada app is fully integrated with Cityfunds and designed to provide investors with a transparent and seamless experience. Investors receive real-time alerts for new acquisitions, valuation updates, and trade shares through our Secondary Trading Platform (PPEX ATS).

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Note: These graphics are purely hypothetical and for illustrative purposes only and are not intended to reflect future returns or portfolio performance in any way. The value of our properties and investments may increase or decrease.

The managing member of the Austin Cityfund is Cityfund Manager, LLC, sponsored by Nada Asset Management.

Nada is an investment, finance, and banking platform that has redefined how everyone accesses real estate assets. Nada was founded on the belief that the financial system built around real estate assets was far too restrictive and unnecessarily complicated. We realized that the industry insiders and the wealthy had an unfair advantage. So, we set out to level the playing field by creating new financial products with transparency and simplicity built into every step.

Led by a team with 20+ years of industry experience and 20+ years of investment experience managing $1B+ in assets.

Offering

Offering up to 700,000 Interests at $10.00 per Interest.

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Management Fees

The manager will receive the following fees:

• Management Fee:  1.5% per annum of the equity value per Cityfund.
• Acquisition Fee:  1.0% of the gross purchase price of each SFR.

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Secondary Trading* 

We intend to enable secondary trading to enable the selling of shares. 

We expect that after an Austin Cityfund primary market offering period has concluded, the Public Private Execution Network Alternative Trading System, or "PPEX ATS," which is registered with the SEC and operated by North Capital Private Securities Corp., will be a venue available for the resale of such shares through Dalmore, as a broker-dealer member of the secondary trading platform.

*Any such resale of Shares will be subject to federal and state securities laws and the restrictions in the Series’ Operating Agreement. There can be no assurance that an active market for any Shares will develop on the Secondary Trading Platform, that the Secondary Trading Platform will be available to allow resales of Shares to residents of all states, or that the Secondary Trading Platform will be available at all. For these reasons, investors must be prepared to hold their Shares indefinitely.

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Leverage

We may employ modest leverage to enhance total returns to our investors. Our target portfolio-wide leverage is between 30-50% of the greater cost or fair market value of our assets.

Cityfunds are designed to provide returns that are related to the home-price appreciation of a specific market. While we are focused on sourcing acquisitions that have the potential for capital appreciation, the market will ultimately determine returns.

Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured. You may lose money.

Past performance does not predict future results.

Your investment is binding and irrevocable, although we reserve the right to reject it for any reason or no reason at all. Funds committed will remain in an escrow account maintained by BankProv until such time as a closing occurs. Securities offered through OpenDeal Broker LLC, a registered broker dealer, member of FINRA (www.finra.org), member of SIPC (www.sipc.org). We will pay OpenDeal Broker LLC, a registered broker-dealer, a cash commission equal to 4% of the value of the series interests sold through the Republic Platform and a non-cash commission in series interests equal to 1% of the total number of series interests sold in this offering, plus certain offering costs. Please review OpenDeal Broker LLC’s Form CRS. OpenDeal Broker LLC may require additional documents or information from you to complete your purchase, you will be contacted by a registered representative in this event.

An offering statement relating to Cityfunds I, LLC’s Membership Interest has been filed with the Securities and Exchange Commission and became qualified on September 14, 2022. Prior to making any investment in Cityfunds I, LLC’s Membership Interest, you should review a copy of the offering circular, or contact Cityfunds I, LLC by phone at (972) 445-7320. No offer to sell any securities, and no solicitation of an offer to buy any securities, is being made in any jurisdiction in which such offer, sale, or solicitation would not be permitted by applicable law.

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Nada Visa® Card program

Nada has entered into the Fintech Fast Track Agreement with Visa U.S.A. Inc. and an agreement with Figure Payments Corporation to enable banking and card services; however, we have not released this feature on our platform.

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Secondary Trading platform

We expect that the Public Private Execution Network Alternative Trading System, or PPEX ATS, which we refer to as the “Secondary Trading Platform” and which is registered with the Commission and operated by North Capital, will be a venue available for the resale of such series’ interests (which we may refer to as “shares”) through Dalmore Group, LLC, or Dalmore, the broker-dealer of record for each series offering, as a broker-dealer member of the Secondary Trading Platform. This feature has not yet been released on our platform. 

See our offering circular here for complete details on the risks and terms associated with our Secondary Trading Platform.